Interflex Marketing Associates Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 02050455 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Interflex Marketing Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S R Ashworth

Mr N R W Preston

Mr J W Senior

SECRETARY:

Mr S R Ashworth

REGISTERED OFFICE:

Springwood

Booths Park

Chelford Road

Knutsford

Cheshire

WA16 8GS

REGISTERED NUMBER:

02050455 (England and Wales)

ACCOUNTANTS:

J.R.Atkins & Co

Chartered Accountants

3 Beech Lane

Macclesfield

Cheshire

SK10 2DR

SOLICITORS:

Addleshaw Goddard LLP

100 Barbirolli Square

Manchester

M2 3AB

FIXED ASSETS

Tangible assets

4

54,494

72,831

CURRENT ASSETS

Debtors

5

805,405

547,253

Cash at bank

454,949

583,658

1,260,354

1,130,911

CREDITORS

Amounts falling due within one year

6

166,376

151,065

NET CURRENT ASSETS

1,093,978

979,846

TOTAL ASSETS LESS CURRENT LIABILITIES

1,148,472

1,052,677

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

1,148,372

1,052,577

SHAREHOLDERS' FUNDS

1,148,472

1,052,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 March 2017 and were signed on its behalf by:

Mr N R W Preston - Director

1.	STATUTORY INFORMATION

Interflex Marketing Associates Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents commissions earned, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2016

10,621

116,335

21,870

148,826

Additions

-

-

746

746

At 31 December 2016

10,621

116,335

22,616

149,572

DEPRECIATION

At 1 January 2016

6,780

55,217

13,998

75,995

Charge for year

960

15,279

2,844

19,083

At 31 December 2016

7,740

70,496

16,842

95,078

NET BOOK VALUE

At 31 December 2016

2,881

45,839

5,774

54,494

At 31 December 2015

3,841

61,118

7,872

72,831

5.

DEBTORS

31.12.16

31.12.15

£

£

Amounts falling due within one year:

Trade debtors

785,292

495,413

Other debtors

12,373

44,562

797,665

539,975

Amounts falling due after more than one year:

Other debtors

7,740

7,278

Aggregate amounts

805,405

547,253

Other debtors due after more than one year comprise the Deferred Tax asset arising from the timing differences

on capital allowances.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

24,889

27,226

Taxation and social security

106,645

108,460

Other creditors

34,842

15,379

166,376

151,065

7.

RESERVES

Profit and Loss Account

31.12.16

31.12.15

£

£

Opening balance

1,052,577

996,216

Profit for the year

395,795

406,361

Dividends paid 11th May 2015 (2014: 11th July 2014)

(300,000

)

(350,000

)

Cosing balance

1,148,372

1,052,577

8.	CONTINGENT LIABILITIES

There were no contingent liabilities at 31st December 2016 (2015: Nil)

9.	CAPITAL COMMITMENTS

31.12.16

31.12.15

£

£

Contracted but not provided for in the

financial statements

-

-

10.	POST BALANCE SHEET EVENTS

There were no material post balance sheet events.

11.	ULTIMATE CONTROLLING PARTY